Allison Transmission (NYSE:ALSN) Given New $127.00 Price Target at Wells Fargo & Company

Allison Transmission (NYSE:ALSN) had its price objective upped by equities research analysts at Wells Fargo & Company from $98.00 to $127.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 1.98% from the company’s current price.

Several other equities analysts have also weighed in on the company. Oppenheimer lifted their price target on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday. Raymond James Financial boosted their price objective on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. Citigroup increased their target price on Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday. Morgan Stanley boosted their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.11.

Allison Transmission Stock Performance

ALSN traded up $1.81 on Thursday, reaching $124.53. The stock had a trading volume of 443,527 shares, compared to its average volume of 860,083. The business’s 50-day moving average price is $108.85 and its two-hundred day moving average price is $94.42. The company has a market cap of $10.36 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 1.27 and a beta of 0.97. Allison Transmission has a 12-month low of $76.01 and a 12-month high of $125.66. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares in the company, valued at $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rossby Financial LCC raised its stake in Allison Transmission by 107.0% during the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 153 shares during the period. Larson Financial Group LLC raised its position in Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares during the period. Transamerica Financial Advisors LLC lifted its stake in Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 338 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Allison Transmission in the second quarter valued at approximately $38,000. Finally, True Wealth Design LLC increased its stake in Allison Transmission by 93.2% during the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.